Tim Wilkins, Dale’s CEO, is an experienced industry professional who has more than 30 years’ experience in the power sector.

The executive team is complemented by Chairman Denzil Lee, who will continue in the role following the MBO.

He has a long track record of success, working in both corporate and private equity backed businesses and has been instrumental in driving the strategic direction of the business in recent years.

The deal was led for NVM by Investment Partners James Arrowsmith and Mauro Biagioni. James will join the board as a Non-Executive Director with immediate effect.

Executive Chairman Denzil Lee said: “The team at Dale is excited with the new opportunity of working with NVM to further develop our core business and exploit the significant opportunities in the new and fast developing energy storage sector.

“NVM throughout the process has worked closely with the team to understand the business and we have already developed an excellent working relationship which will help us greatly in exploiting the business opportunities.”

Headquartered in Scarborough, Dale employs more than 270 people across the UK, including a nationwide team of more than 70 service engineers.

Dale has a rich history in the power market and can trace its roots back more than 80 years to 1935.

With its strong brand reputation based on technical excellence, design capability and high-quality service back up, the business has built up an impressive list of global blue-chip clients including NEC, Siemens, National Grid, ISG, Mitie, Northern Power Grid, Vodafone and Thames Water, who trust business-critical operations to Dale.

James Arrowsmith, Investment Partner at NVM said: “We have been very impressed with the team at Dale, who have done a great job in building a high-quality business providing power solutions and services which are critical to a wide range of organisations in the UK and abroad.

“We are looking forward to working with Denzil, Tim and the rest of the team to take advantage of new market opportunities whilst continuing to build on the core business.

“There is scope for significant growth over the next few years and we are very excited about the business’s future under NVM’s ownership”.

NVM’s managing partner, Martin Green added: “I am delighted that we have been able to support management in the buyout of Dale.

“It is a quality business led by a strong management team who have demonstrated their ability to adapt to changing market conditions and the prospects for the business in the evolving UK power market are exciting.”